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Microsoft has made a strategic investment in ride-hailing and on-demand services company Grab as part of a deal that includes collaborating on big data and AI projects.
Under the agreement, Singapore-based Grab will adopt Microsoft Azure as its preferred cloud platformAzure cloud computing service.
Microsoft - Grab - Terms
Microsoft and Grab didn’t disclose financial terms.
The idea behind the tie-up is for Grab to use Microsoft’s product to scale its own digital platform, which has grown beyond ride-hailing. Grab also has its own payment service and makes food deliveries.
Partnership - Grab - Opportunities - Industry - Growth
“Our partnership with Grab opens up new opportunities to innovate in both a rapidly evolving industry and growth region,” said Peggy Johnson, executive vice president at Microsoft, said in a statement.
The companies said they’ll also work on several “innovative deep technology projects,” including new authentication measures such as facial recognition with built-in AI (for drivers and customers who opt in) to replace the old-school method of checking IDs.
Companies - Uses - Language
The companies will also investigate uses for natural language...
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